48 ABOUT THIS REPORT WE ARE KENANGA LEADERSHIP STATEMENTS SUSTAINABILITY AT KENANGA KENANGA INVESTMENT BANK BERHAD SUSTAINABILITY REPORT 2023 SUSTAINABLE ECONOMIC GROWTH Our Internal Stock Scoring Methodology Kenanga’s Equity Broking Research Department has developed an internal scoring system to rate public listed stocks, premised on Bursa Malaysia Sustainability Reporting Guide, the Sustainability Accounting Standards Board (“SASB”) and GRI’s primary ESG topics. Since the establishment of the scoring system in 2022, we have consistently engaged with businesses to obtain updates on their ESG strategy, goals, and accomplishments to gain a deeper understanding of their sustainability aspirations and commitments. Favourable scores are accorded toward companies that possess a high degree of disclosure, with particular reference to quantifiable information Short-term targets are preferred compared to long-term targets, as immediate solutions are favoured Year-on-year comparisons of improving ESG data would be given the highest score on a percentage basis Our Progress in 2023 The main ESG themes considered in our internal scoring methodology include: During the year, we published 10 ESG-thematic reports on the following topics: 1 Earnings Sustainability and Quality 2 Emissions Management 3 Workers’ Safety and Wellbeing 4 Community Investment 5 Corporate Governance 6 Anti-Corruption Policy A number of ESG-themed reports were published on key sectors such as banking, palm oil, and technology, delving into specific ESG aspects and company activities Continued publishing ESG-centric bulletin to deliver news updates and commentary on selected topics Digitalisation and the Future of Retailers The Future of Low Carbon Mobility Malaysia Tapping into VCM Potential Sustainability the Infineon Way A Boost to EV Charging Network Banking on Cyber Security Drilling Down to Details National Energy Transition Roadmap Waste: Generate Less, Separate More Boost to Carbon Credit Trading FUTURE PROSPECTS In 2024, Kenanga Research will be focusing on more engagements with corporates, as well as industrial authorities to delve deeper into the requirements in ESG reporting and disclosure, and understanding the impact of climate change on businesses. For more information on our ESG Thematic ESG reports, please visit: https://www.kenanga.com.my/market-insights/#filter=.esg-thematic-reports
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